Uchumi sub-tenants get order halting eviction

Sub-tenants in Uchumi Supermarkets have secured a court order delaying their eviction by 14 days from the September 15 deadline given by the retailer. Eighteen speciality shop owners claimed they had not been given adequate notice when they pleaded with the court to halt their eviction. Uchumi had indicated that it wants to make more money from the floor space, adding that the 30-day notice given to the speciality shop owners was in line with their contracts…[...]

Private investors set up two transformer plants to tap demand

Two electricity transformer manufacturing plants have been set up in the country while a third one is under construction as demand for power distribution equipment continues to rise. Kenya Power announced this to bidders seeking to supply it with up to 38,491 transformers from November. Kenya Power said the 38,491 transformers, marked for distribution in Mombasa, Nakuru and Nairobi South will only be supplied by original product manufacturers in a bid to lock out middlemen…[...]

Banks exceed CBK loan targets, spur inflation rate rise

Commercial bank lending grew at a brisk pace in the 2014/15 fiscal year exceeding the regulator’s targets of private sector credit expansion in nearly every month. The lenders only remained within target or slightly below target in February and March, according to a report Central Bank of Kenya governor Patrick Njoroge submitted to the Treasury pumping Sh200 billion into the economy over six months…[...]

Top oil marketers firm grip on market with 71.9pc share

Kenya’s top three oil marketing companies entrenched their dominance in the second quarter of the year, raising their combined market shares to levels last seen in the late 2000s. Data from the Petroleum Institute of East Africa (PIEA) shows that Total Kenya, Shell and KenolKobil’s combined market share stood at 71.9 per cent in the three months ended June, nearly matching the previous peak of 77.9 per cent in 2007…[...]

Kebs raids Chinese outlet over fakes

Kenya Bureau of Standards (Kebs) officials on Wednesday raided a Chinese supermarket in Nairobi and seized counterfeit goods of an unknown value. Yisheng Supermarket in Hurlingam’s Chaka Place, which has been in operation for more than two years, is said to have been “openly” selling pre-packaged food, cosmetics and household items that were not inspected by the Kenyan standards agency…[...]

Liberia probes KQ for increasing airfare

Kenya Airways is being investigated by the Liberian government for increasing airfare between the country’s capital, Monrovia, and Accra in Ghana. The country’s civil aviation authority has begun investigating the abrupt rise in the airfare in August following complaints by local travellers on the route…[...]

Orange postpaid customers to pay bills online

Orange Telkom Kenya postpaid subscribers can now pay their monthly bills online. Customers that have subscribed to the company’s postpaid services can now pay their bills through the payment platform www.orangepayments.com. The service will free customers from the hassle of receiving hard-copy bills and reduce the customer journey with regard to bills payment…[...]

US firm gets extension of licence at Kenya oil blocks

The Government has extended prospecting licences for US oil company, Erin Energy Corporation, in a move that points to Kenya’s growing extractives industry, which is anticipated to earn the country a windfall in petrodollars. Erin currently has licences to prospect in Kenya and owns nine licences, onshore and offshore oil blocks in Nigeria, Ghana, the Gambia and Kenya…[...]